KPIT Tech Shares Plunge 8%, Biggest Single-Day Drop in a Year

KPIT Technologies witnessed a sharp decline in its share price, closing 8% lower, marking the biggest single-day drop in the past year. Investors were taken by surprise as the stock fell despite stable market conditions, raising concerns over company-specific factors affecting performance.

Analysts attribute the fall to a mix of profit booking, market volatility, and sectoral pressures in the IT industry. Some reports suggest that investor sentiment turned cautious after recent announcements or quarterly results. Market experts advise shareholders to stay informed about company updates, review financials, and avoid panic selling.